Jocelyn Jason Realty Refinances Multifamily Property On Oak St. For $1.6M With Ponce Bank
SOLD
$1,600,000
Pennsylvania
See Similar DealsSold 09/01/2022
SOLD
Jocelyn Jason Realty Refinances Multifamily Property On Oak St. For $1.6M With Ponce Bank
181 Oak Street Westchester
See Similar DealsSold 09/01/2022
Summary
PENNSYLVANIA
Transaction Type:Sale
The multifamily property located at 181-191 Oak St. in Westchester has undergone a refinance transaction. The property spans 12,601 square feet and consists of 18 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 181-191 Oak St., Westchester
- Market: Westchester
- Loan Type: Refinance
- Loan Amount: $1,600,000
- Loan Terms: 75% LTV, Rate 4.75%, Term 15 Years, 30 Year Amortization
Ponce Bank served as the lender for this refinance transaction. Jocelyn Jason Realty, represented by Leonor Vicente, is the landlord of the property. Edward McCarthy from Redwood Capital Advisors acted as the broker for this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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